The Swedish Kronor (SEK) is the official currency of Sweden. It is divided into 100 öre and is issued by the Riksbank, the central bank of Sweden. The currency code for the Swedish Kronor is SEK, and it is symbolized by "kr."The Swedish Kronor comes in the form of banknotes and coins. The banknotes come in denominations of 20, 50, 100, 500 and 1000 SEK. The coins come in denominations of 1, 2, 5, and 10 kronor, as well as 1, 2, and 5 öre.The Swedish Kronor is widely accepted within Sweden, and it is also used in some other countries, such as Denmark and Norway. The SEK is traded on the international market, with the USD and EUR being the main currencies it trades against. The value of the Swedish krona fluctuates with the market, but it has been mostly stable over the years.In recent years, the Swedish government has been working to phase out the use of cash in the country and encourage the use of electronic payment methods such as credit and debit cards.
